Last week’s landed price for imported soybeans fell $3/MT to $420/MT as China’s yuan lost ground to the U.S. dollar for the second straight week. The big story, however, involved soyoil.
Oilseeds First Soymeal Inventory Increase in Weeks Between 11 August and 8 September, China’s nationwide soymeal inventory shed 305,300 MT. It then rose 65,600 MT (+7 percent) in the second week of this month to an estimated 996,700 MT, up 389,800 MT (+64.2 percent) versus the same week in 2016. Inventories improved in all regions except for the drop of 200 MT (.2 percent) to 84,700 MT in the Northeast. Imported Soybeans Down Slightly China’s estimated imported soybean stocks at its major seaports totaled 6.76 MMT as o...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
